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Usd should rise towards 113.55

Usd should rise towards 113.55 | 29 June 2017

29 June 2017, USD/JPY

Usd should rise towards 113.55
Technical Observation
As per the other day's forecast, Usd retraced back to the now support line 111.85 but could not breakout below it. I went long following a rejection this support line and is still holding on. I expect a rise towards 113.55 and even higher. Unless 111.85 is clearly breached to the lower side with a big green candle, I expect a rise to the upper side. On the 4 hour chart above, long positions look more ideal.
Technical levels:
Resistance levels
R1: 112.68
R2: 113.07
R3: 114.08
Pivot
112.06
Support Levels
S1: 110.06
S2: 111.06
S3: 111.67
Trade Signal
Usd should rise towards 113.55

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Imelda Maseno
Analyst of «FreshForex» company
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